Combined Scale and Trailing 12-Month Revenue
On a pro forma basis the combined Fubo and Hulu Live business generated $6.2 billion of revenue on a trailing 12-month basis and ended the period with ~6.2 million North America subscribers, establishing the company as a scaled pay-TV streaming operator.
Quarterly Pro Forma Revenue Growth
North America pro forma revenue for the quarter was $1.68 billion versus $1.58 billion in the prior year period, representing year-over-year growth of 6%.
Meaningful Profitability Improvement
Pro forma adjusted EBITDA for the quarter was positive $41.4 million, nearly doubling from $22 million in the prior year period (approximately +88%). Trailing 12-month pro forma adjusted EBITDA was $77.9 million.
Net Loss Narrowed Substantially
Reported net loss improved to $19.1 million from $38.6 million year-over-year. On a pro forma basis net loss narrowed to $46.4 million compared to $130.4 million last year (improvement of ~$84.0 million).
Strong Cash and Balance Sheet Progress
Ended the quarter with $458.6 million in cash, cash equivalents and restricted cash. Debt profile improved from prior maturities (~$400M maturing Feb '26) to ~$320M with maturities pushed to 2029 and 2031, enhancing liquidity and runway.
Ad Tech Integration to Drive Monetization
Near completion of migrating Fubo ad inventory into Disney's ad server is expected to materially uplift CPMs and fill rates; management indicated CPM and fill uplift opportunities are in the double digits.
Strategic Distribution Partnership with ESPN
Fubo Sports will be included in ESPN's commerce flow, allowing customers to buy Fubo Sports within ESPN's purchase experience — expected to reach a sports-centric audience, lower customer acquisition costs, and improve conversion and retention efficiency.
Record Performance on Latino Product
Fubo delivered record-high subscribers for its Latino product in fiscal Q1 '26; Hulu Live also launched a Spanish language bundle in January, expanding Spanish-speaking plan options.
Product KPIs and Retention Strength for Fubo Sports
The Fubo Sports offering is showing strong trial-to-paid conversion and retention metrics—management noted retention about ~30% above the legacy plan—supporting the company’s sports-focused value proposition.